Excelsoft Technologies Shares Cool Off 4% After Strong Debut On NSE & BSE; Holds 8% Gains Over Issue Price

Excelsoft Technologies made a strong debut on Dalal Street as its shares listed at a premium over the IPO price. Against the issue price of Rs 120, the stock opened at Rs 123, giving a 2.50% listing gain for the investors. On the NSE, the listing was even stronger at Rs 135 per share, with a 12.5% premium.

Excelsoft Technologies Share Performance Post Listing

Shortly after listing, Excelsoft Technologies shares jumped to an intraday high of Rs 142.59, up 5.6% from the listing price.

As of midday, Excelsoft Technologies shares saw mild volatility during intraday trade. On the BSE, the stock was last seen trading at Rs 131, representing a 2.98% decline from the opening price. On the NSE, the shares traded at Rs 133, down 0.85% from the listing price.

Excelsoft Technologies IPO Details

The Excelsoft Technologies IPO was a Rs 500 crore book-built issue, comprising both a fresh issue and an offer for sale (OFS). The IPO opened on November 19th and closed on November 21st. Allotments were finalised on November 24, and the IPO price band was fixed at Rs 120 per share.

During the bidding period, the Excelsoft Technologies IPO saw a strong investor response, getting subscribed 45.46 times overall by the close on November 21st, i.e., Day 3. The retail category saw a subscription of 16.44 times, while the QIB excluding anchor investors portion was subscribed 50.06 times. The NII/HNI segment registered the highest interest with 107.04 times subscription.

The last recorded GMP for the IPO, as per data available on BSE, the Excelsoft Technologies IPO GMP stood at Rs 4 as of November 26th, indicating an expected listing gain of 3.33%. The actual listing premium of 12.5% on NSE and 12.5% on BSE successfully beat the final grey market expectations.

About Excelsoft Technologies

Excelsoft Technologies is a Mysuru-based vertical SaaS edtech company that builds technology platforms for digital learning and assessments, serving education and training customers in India and globally. Excelsoft Technologies, founded in 2000 and headquartered in Mysuru, focuses on cloud-based learning and assessment solutions for schools, higher education, corporates, government, defence and professional certification bodies.